- Reuters•last month
Cia Energética de Minas Gerais SA, Brazil's No. 3 power utility, is currently in advanced talks with potential partners with which it would share control of electricity distributor Light SA, Chief Executive Officer Mauro Borges said on Friday. Several banks that form part of an investment vehicle called Parati SA and shares control of Light with Cemig exercised a put option to exit the partnership. As a result, Cemig has spearheaded talks to find potential investors willing to replace the banks in Parati, Borges told reporters in São Paulo.
- Zacks•last month
Companhia Energetica de Minas Gerais (CIG), also known as CEMIG, recently announced that it has signed an agreement to sell its interest in Transchile Charrua Transmision S.A. to Ferrovial Transco Chile SpA.
- Reuters•2 months ago
Brazilian power holding company Cia Energética de Minas Gerais SA could use proceeds from the sale of a minority stake in an electricity transmission subsidiary to help cash-strapped renewable energy unit Renova Energia SA, according to a person familiar with the plan. According to the source, who asked for anonymity since the plan is under discussion, Cemig would inject about 170 million reais ($52 million) into several investment vehicles that Renova has set up to execute the construction of some windpower projects. The move could be a lifeline for Renova, which is controlled by Cemig, as efforts to lure a partner and raise cash are taking longer than planned.
Companhia Energética de Minas Gerais S.A. (CIG-C)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||2.85 x 500|
|Ask||3.02 x 500|
|Day's Range||2.95 - 2.95|
|52wk Range||2.95 - 2.95|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||17.15|
|Avg Vol (3m)||N/A|
|Dividend & Yield||N/A (N/A)|